EXHIBIT A-12

TELECOMMUNICATIONS DEMAND

(HK MILLIONS)

SCENARIO 5

1988

1989

1990

1991

1992

1997

2002

2007

Base Line (Scenario 1)

Lines (Thousands) (NP)

586

624

664

705

748

973

1,241

1,584

0

0

0

0

0

65

157

222

Share of Total Lines (NP)

0%

0%

0%

0%

0%

78

13%

14%

Share of Lines (EP) .

100%

100%

100%

100%

100%

93%

87%

86%

Share of Premium Lines (NP)

0%

0%

0%

0%

0%

19%

328

35%

Share of Int'l Call Minutes (NP)

0%

0%

0%

08

0%

6%

21%

258

INTERNATIONAL SERVICES

Incremental Int'l Call Growth

0%

0%

0%

0%

08

58

5%

58

Total Int'l Call Growth

18%

168

148

128

10%

11%

118

6%

Total International Call Minutes

173

200

228

256

281

521

1,095

2,102

Share of Int'l Revenue (NP)

0

0

0

0

0

31

230

526

Share of Int'l Revenue (EP)

173

200

228

256

281

490

865

1,577

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